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NEW DELHI: Oil India Ltd (OIL), the nation’s second-largest state explorer, reported a tripling of its web revenue within the June quarter on file oil and gasoline worth realisation.
Its web revenue was Rs 1,555.46 crore, or Rs 14.34 per share, in April-June in comparison with Rs 507.94 crore, or Rs 4.68 a share, in the identical interval a 12 months again, the corporate stated in an announcement.
The earnings rose as the corporate bought $112.72 per barrel worth for crude oil it offered within the quarter versus $67.15 a barrel price realised in the identical interval final 12 months. Gasoline worth realisation greater than doubled to $6.1 per million British thermal unit from $1.79.
Larger crude oil and pure gasoline costs stem from the rally in worldwide oil costs that adopted Russia’s invasion of Ukraine.
Turnover almost doubled to Rs 6,029.86 crore within the first quarter of the present fiscal 12 months that started on April 1.
The earnings have been additionally aided by a 4 per cent rise in crude oil manufacturing at 0.78 million tonnes and an 8 per cent rise in gasoline output at 771 million customary cubic metres.
Its web revenue was Rs 1,555.46 crore, or Rs 14.34 per share, in April-June in comparison with Rs 507.94 crore, or Rs 4.68 a share, in the identical interval a 12 months again, the corporate stated in an announcement.
The earnings rose as the corporate bought $112.72 per barrel worth for crude oil it offered within the quarter versus $67.15 a barrel price realised in the identical interval final 12 months. Gasoline worth realisation greater than doubled to $6.1 per million British thermal unit from $1.79.
Larger crude oil and pure gasoline costs stem from the rally in worldwide oil costs that adopted Russia’s invasion of Ukraine.
Turnover almost doubled to Rs 6,029.86 crore within the first quarter of the present fiscal 12 months that started on April 1.
The earnings have been additionally aided by a 4 per cent rise in crude oil manufacturing at 0.78 million tonnes and an 8 per cent rise in gasoline output at 771 million customary cubic metres.
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